Moretti Ministries Inc

Analysis

Moretti Ministries Inc is a registered charity in United States, based in Englewood, FL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Moretti Ministries Inc reported income of $15.3m and spending of $423k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $965k to $15.3m (+1485%), an average of +1485% a year. The sharpest change came in the year to December 2021, when income rose by 1485%. Over the whole period it spent 3.7% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Moretti Ministries Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Lynden Christian School ($15.3m), International Christian Response -- USA ($15.3m) and Gateways Organization Inc ($15.2m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $15.7m against liabilities of $0, net assets of $15.7m.